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Car Industry Fares Worst Among South Korea's Exporters
May 13, 2020 00:51 am UTC| Business
South Koreas vehicle industry was the worst hit in exportations, plummeting 80.4 percent on May 1 to 10 from the same period last year, due to the global impact of COVID-19. Petroleum products ensued, plunging 75.6...
GS Caltex Contact-Free Services App Enjoys 1000% Surge in Use
May 12, 2020 02:45 am UTC| Business
GS Caltexs app dubbed OWiN that allows contact-free charging and payment services at its 330 gas stations posted a 1,000 percent increment in monthly use in March, compared to December. According to the company, the...
S.Korea's SME Loans Surge in April Due to Gov't-Backed Low-Interest Rates
May 12, 2020 02:45 am UTC| Business
South Koreas small- medium-sized enterprises (SMEs) took out loans in April worth 463.9 trillion won, higher by 8.4 trillion won more from the previous month. The amount represents the steepest increase in loans since...
Hyundai Electric Inks W35-B Saudi Deals
May 12, 2020 02:45 am UTC| Business
Hyundai Electric and Energy Systems Co. will supply transformers to Saudi Electricity Co. in a 23 billion won deal, and provide gas-insulated switchgear to Saudi Aramco for 12 billion won. The two orders worth 35...
Volvo Cars to Utilize SK Telecom's Infotainment Service
May 12, 2020 02:45 am UTC| Business
Volvos cars to be sold in South Korea in 2021 will use SK Telecoms (SKTs) integrated in-vehicle infotainment service. SKTs IVI service will be among the basic specifications for all 2022 Volvo models in South Korea to...
S.Korea's Online Sellers Zero in on 'Retaliatory Consumers'
May 12, 2020 02:45 am UTC| Business
Online shopping mall operators will offer discounts of up to 72 percent to attract consumers eager for buying sprees after weeks of social distancing. Voraciously spending as a way of relieving stress during the...
Foreigners Raise Stake in S.Korean Bonds Amid COVID-19 Woes
May 12, 2020 02:44 am UTC| Business Investing
Foreign groups poured 16.9 trillion won in South Korean bonds in March and April to push their investments to 140.9 trillion won, according to the Financial Supervisory Service (FSS). The figure marks the first time...
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns
Yen Stabilizes After Suspected Intervention as Global Currency Markets Stay Cautious
Asian Stocks Rise as South Korea Hits Record High on AI Chip Rally
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated
Asian Stocks Rise Slightly as Oil Prices Hold Steady Amid Middle East Uncertainty
Ukraine Drone Strikes Hit Russian Oil Port Primorsk and Naval Targets
Taiwan President Lai Ching-te Visits Eswatini Amid Rising China Pressure
Japan Signals Potential Shift on Arms Exports, Opening Door to Ukraine Support
Poland Sees No Delays in U.S. Patriot Missile Defense Deliveries Despite Stockpile Concerns
Trump Announces “Project Freedom” to Aid Stranded Ships in Strait of Hormuz
China vs. NASA: The New Moon Race and What's at Stake by 2030
NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo
NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision
Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market
Samsung Appoints New TV Business Head Amid Rising Competition from Chinese Rivals
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case
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